Results 251 to 260 of about 348,165 (301)
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Journal of Property Investment & Finance, 2006
Purpose – The purpose of this paper is to conceptualise a workable strategic asset allocation (SAA) model, given the data paucity problem, and involve an ex ante framework that is distributional free. Design/methodology/approach – The SAA model is developed within a semi‐quantitative and expert‐based framework – the analytic ...
Kim Hin/David Ho +2 more
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Purpose – The purpose of this paper is to conceptualise a workable strategic asset allocation (SAA) model, given the data paucity problem, and involve an ex ante framework that is distributional free. Design/methodology/approach – The SAA model is developed within a semi‐quantitative and expert‐based framework – the analytic ...
Kim Hin/David Ho +2 more
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Asset Allocation with Shadow Assets
The Journal of Wealth Management, 2012The wealth of most investors contains both financial assets as well as nonfinancial assets. The author defines shadow assets as (mostly) nonfinancial and nontradable assets that are exogenous to the investor’s asset allocation decision, such as human capital, nonfinancial sovereign assets (e.g., underground oil reserves), the present value of future ...
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The Journal of Wealth Management, 2003
The authors start by noting that record amounts of funds have flowed into bonds in the last two years as stock prices plunged and interest rates continued to decline. However, investors need to carefully consider not only the likely future performance of bonds but also the asset allocation decision.
Charles P. Jones, Jack W. Wilson
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The authors start by noting that record amounts of funds have flowed into bonds in the last two years as stock prices plunged and interest rates continued to decline. However, investors need to carefully consider not only the likely future performance of bonds but also the asset allocation decision.
Charles P. Jones, Jack W. Wilson
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Factor Allocation and Asset Allocation
The Journal of Wealth Management, 2018This article examines four different asset-pricing factors and their use in a portfolio that varies over time based on an investor’s risk preferences. Using data for the period 1980–2014, the authors show that the risk premiums of different factors are not constant over time and that investors may improve their risk–return trade-off by weighting or ...
Gregg S. Fisher, Michael B. McDonald
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Reconsidering asset allocation involving illiquid assets
Journal of Asset Management, 2007Alternative assets are gaining increasing importance in investors' portfolios. One of their defining characteristic is their poor liquidity, which often translates into an inherent smoothing process of the returns. For asset allocation purposes, this feature has to be seriously addressed as it leads to a severe underestimation of the variance of ...
Teiletche, Jérôme, Cao, Dan
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Factor-Based Asset Allocation vs. Asset-Class-Based Asset Allocation
Financial Analysts Journal, 2013This article addresses the issue of the alleged superiority of risk-factor-based asset allocations over the more traditional asset-class-based asset allocation. The authors used both an idealized model, capable of precise mathematical treatment, and optimizations based on different periods of historical data to show that neither approach is inherently ...
Thomas M. Idzorek, Maciej Kowara
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The Power of Dynamic Asset Allocation
The Journal of Portfolio Management, 2014This article re-assesses the evidence and practical relevance of asset returns’ long-horizon predictability, investigating whether practitioners can profitably exploit predictability patterns by using relatively simple, dynamic asset allocation strategies.
M. Cardinale, NAVONE, MARCO, A. Pioch
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Asset Classes and Asset Allocation
The Journal of Wealth Management, 2000The author starts by pointing out that the early formulations of asset allocation were very narrow and did not anticipate the wide array of institutional investment possibilities that are now available. He argues that the elegant simplicity of a three-class system has now been degraded into a complex array of shifting and inconsistent categories that ...
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Diese Dissertation stellt eine umfassende Untersuchung von robusten Anlagestrategien im Kontext des Finanzportfolio-Managements dar, einem Thema von höchster Bedeutung und großem Interesse für Investoren im Hinblick auf die Herausforderungen und Komplexitäten moderner Finanzmärkte.
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2007
Abstract Institutional portfolios with long-term investment horizons, such as endowments, are best invested in assets capable of generating equity-like returns, including those with private equity and absolute return strategies. To mitigate equity risks, portfolios also include fixed income, real estate, and other assets such as ...
Shanta Acharya, Elroy Dimson
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Abstract Institutional portfolios with long-term investment horizons, such as endowments, are best invested in assets capable of generating equity-like returns, including those with private equity and absolute return strategies. To mitigate equity risks, portfolios also include fixed income, real estate, and other assets such as ...
Shanta Acharya, Elroy Dimson
openaire +1 more source